Monday, December 30, 2013

EUR/USD Stays Capped by Down-Trend

Even though EUR/USD was able to breach 1.3720/08 and spike through the key down-trend resistance line for a brief moment on Friday, it failed to gain a solid foothold above 1.3831/28. Therefore, the currency pair's long-term bias remains bearish and we would rather focus on the nearest supports, despite the



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